Monday, April 15, 2024

Deal boom

Apartment deals, mergers and acquisitions

Foote Hills

The GSH Group Announces Sale of Foote Hills Property, Achieving Impressive Investor IRR of...

The GSH Group, one of the nation's fastest-growing multifamily real estate investment companies, is thrilled to announce the successful sale of its Foote Hills property in Grand Rapids, Michigan. The sale resulted in an...
Somerset

MedCore Acquires Two Senior Living Communities in Detroit, American House Somerset and Hampton Village

MedCore Partners in partnership with REDICO and American House Senior Living has completed the acquisition of two (2) senior living communities located in Troy and Rochester Hills, Michigan within the Detroit MSA. The communities...
Solamar Apartment Homes

JLL Secured the Construction Takeout Bridge Financing for Build-to-Rent Townhome Community Solamar Apartment Homes...

JLL Capital Markets announced that it has arranged the $43 million construction takeout bridge financing for Solamar Apartment Homes, a 210-unit, build-to-rent townhome community located in Kissimmee, Florida. JLL worked on behalf of the borrower,...
Rae on Sunset

Greystar Announces Leasing Has Begun at Rae on Sunset in Los Angeles California

Greystar Real Estate Partners, LLC ("Greystar"), a global leader in the investment, development, and management of real estate, including rental housing, logistics and life sciences, announced that it had begun leasing Rae on Sunset. Each...
Park Drive

JLL Arranged the Refinancing of the 444-unit Multifamily Community on Park Drive in Chicago

JLL Capital Markets announced that it has closed the $127 million refinancing of 465 N. Park Drive, a 444-unit, multifamily project located in the Streeterville neighborhood of downtown Chicago. JLL represented the borrower, a joint...
The Devan

Leasing Has Commenced at The Devan Luxury Multifamily Community in Jersey City

Fields Grade and Ursa Development Group announce the launch of leasing at The Devan, a new collection of 336 luxury rental residences paired with an elevated suite of amenities. The distinctive eight-story building presents a...
Ranch at Moorpark

Decron Sells Multifamily Community Ranch at Moorpark in Ventura County California for $133.2M

Decron Properties has sold Ranch at Moorpark, a 376-unit multifamily community in Moorpark, California to AEW Capital Management for $133.2 million. The Ranch at Moorpark offers luxurious California style living, with a combination of abundant...
Naranja Grand

Housing Trust Group & Elite Equity Development Break Ground on Phase 2 of New...

Housing Trust Group (HTG), a leading multifamily developer, has closed on financing and commenced construction on Naranja Grand II, a new $71 million affordable apartment community comprised of 200 residences in Southwest Miami-Dade County,...
Placita Dolores Huerta

Community Housing Announces Grand Opening of Affordable Housing Community Placita Dolores Huerta Near Coachella

The complex was developed by the Community Housing Opportunities Corporation (CHOC), a non-profit developer of affordable housing that recently opened another community in the desert area, announces grand opening of Placita Dolores Huerta in...
Hickory Lake Apartments

FCP Acquires 322-unit Hickory Lake Apartments in the Nashville MSA

FCP® announces the acquisition of Hickory Lake Apartments, a 322-unit multifamily property at 3940 Apache Trail in Antioch, Tennessee in the Nashville MSA. The acquisition of Hickory Lake marks FCP’s 6th transaction in the Nashville...
Canyons

McShane Construction Company Selected to Build Affordable Housing Residence Canyons in Madison Wisconsin

McShane Construction Company was selected by repeat client Lincoln Avenue Communities to build Canyons, a 60-unit affordable housing residence in Madison, Wisconsin. “We’re excited to partner with Lincoln Avenue Communities on another project,” shared Alison...
Belle on Bev

Cityview Completes 243-Unit Multifamily Project Belle on Bev in Los Angeles’ Historic Filipinotown

Cityview, a premier multifamily investment management and development firm, has completed Belle on Bev – a 243-unit mixed-use project in Los Angeles’ Historic Filipinotown (HiFi). Now leasing, Belle on Bev features modern apartments stylized...
1519 Ridge Avenue

Agent PHL Brokers 19-Unit Multifamily Sale on Ridge Avenue in Philadelphia for $6.7M

On behalf of The Seller, Agent PHL has formally announced the sale and settlement of 1519 Ridge Avenue in Philadelphia, Pennsylvania. The investment sale was brokered by Ryan McManus, principal of Agent PHL at...
Orion Residential

Real Estate Firm Marquette Companies Launches Strategic Alliance with Orion Residential

Marquette Companies, a national leader in multifamily development, investment and management, announces its strategic alliance with Deerfield, Illinois-based Orion Residential Advisors, (“Orion”) an integrated multifamily investment and operating firm active in multiple markets nationwide. “Bringing...
Culebra Commons

Origin Credit Advisers Secures Preferred Equity Position in Culebra Commons, a $76.3M Multifamily Community...

Origin Strategic Credit Fund, a multifamily real estate credit Fund, has secured a preferred equity position in Culebra Commons, a $76.3 million, 327-unit Class A multifamily rental community in San Antonio, Texas. The Strategic Credit...
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